BingEx Ltd (FLX) Form 6-K — Aug 20, 2026
BingEx Limited (Nasdaq: FLX), the on-demand dedicated courier provider branded FlashEx, reported second quarter 2026 revenue of RMB940.3 million (US$138.6 million), down from RMB1,024.6 million a year earlier, and swung to a net loss of RMB34.0 million (US$5.0 million) from net income of RMB53.5 million in Q2 2025. Profitability deteriorated across the board: gross margin fell to 10.2% from 12.0%, income from operations dropped to RMB7.3 million from RMB19.3 million, and non-GAAP net income fell to RMB11.4 million from RMB45.6 million. Management attributed the revenue decline to intensifying market competition, cushioned by a 14.6% cut in total operating expenses.
Key figures
- Eps
- -RMB0.17 (US$-0.03) basic and diluted
- Revenue
- RMB940.3 million (US$138.6 million)
- Net Income
- -RMB34.0 million (US$5.0 million) net loss vs RMB53.5 million net income in Q2 2025
- Revenue Yoy
- -8.2%
- Total Assets
- RMB1,128.5 million (US$166.3 million)
- Cash Position
- RMB853.4 million (US$125.8 million) in cash, restricted cash and short-term investments as of June 30, 2026
- Gross margin
- 10.2% vs 12.0% year-ago
- Gross profit
- RMB95.5 million (US$14.1 million) vs RMB122.7 million year-ago
- Operating margin
- 0.8% vs 1.9% year-ago
- Orders fulfilled
- 63.1 million
- Rd expense change
- -28.6% YoY
- Six month revenue
- RMB1,875.6 million (US$276.4 million) vs RMB1,985.3 million year-ago
- Non gaap net income
- RMB11.4 million (US$1.7 million) vs RMB45.6 million
- Income from operations
- RMB7.3 million (US$1.1 million) vs RMB19.3 million
- Total operating expenses
- RMB88.3 million (US$13.0 million), down 14.6% YoY
- Share repurchase executed
- ~3.9 million ADSs for ~US$11.8 million as of August 19, 2026
- Weighted avg basic shares
- 201353244
- Share repurchase authorization
- US$30.0 million through April 1, 2027
- Non gaap income from operations
- RMB10.8 million (US$1.6 million) vs RMB31.9 million
- Selling marketing expense change
- -24.0% YoY
- Fair value loss long term investments
- RMB41.7 million (US$6.2 million) vs RMB20.5 million gain year-ago
AI analysis
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